How to Get Michigan MLO License MI Mortgage Regulator Information

How to get Michigan Mortgage Loan Originator Prelicensing Education PE and MI Continuing Education CE Requirements Met

1. Get your NMLS Number

If you have not done so already, it takes 1 -2 minutes to get your NMLS number, a unique identifier used in the mortgage industry. https://www.statemortgageregistry.com/Public/Login.aspx Click "Request an account" Click "Individual" We try to make all of these things more manageable. What questions may we answer? Use the chat feature on the bottom right corner of every web page to get answers now!

2. Get and complete your MI 20 Hour Pre-licensure Education PE Course Bundle at https://aaamortgagetraining.com/courses/mi20pe

3. Pass the NMLS Nation Component Exam with Uniform State Test using our included test preparation program and add other states by getting and completing state PE courses

4. Apply for your Michigan MLO License through the NMLS. To do this, you must follow the prompts in the system after opening your MI Mortgage Loan Originator application. The system will prompt you for your next steps at this point. 

If you have any questions about the qualifications for any part of the process, we're here to help. Use the chat feature on the bottom right of this webpage, or click here to get answers fast!

Michigan MI Prelicensing Education PE Requirements to Become a Mortgage Loan Originator in Michigan, Loan Officer

New state-licensed MLOs are required to complete 20 hours of NMLS-approved education. This education must include 3 hours of Federal law, 3 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), 2 hours of non-traditional mortgage lending, 10 hours of undefined education (referred to as electives), + 2 hours of MI law.  Number of hours is 3/3/2/10/+ 2hrs of MI law = 20 Michigan requires 2 hours of instruction on state-specific law, which may be satisfied by either taking an MI comprehensive course or a state-specific elective course.

Pre-licensure Education: Prior to submission of the application, complete at least 20 hours of NMLS-approved pre-licensure education (PE) courses, which must include 2 hours of Michigan content. MCL 493.141(7)

Michigan PE Expiration: An individual who (1) fails to acquire a valid license or federal registration within 3 years from the date of initial completion of any approved PE course; or (2) has obtained a license or federal registration but subsequently did not maintain an active license or federal registration for at least 3 years, must complete 20 hours of PE in order to be eligible for state licensure. This underscores the importance of maintaining an active license and staying current with the required education. Click here if you need to repeat your education but do not retake the NMLS exam. Let us know if you need special flexible scheduling and pricing, and we can expedite this MI MLO License Reinstatement.

Continuing Education Requirements

Every MI Mortgage Lender licensee (in any approved status) is required to complete at least 8 hours of NMLS-approved education annually beginning the first year of licensure (the chart below is NOT applicable to the Mortgage Lender licensee).  The individual listed as the Qualifying Individual (on the MU1) must satisfy the CE requirement for the MU1 location, and the individual listed as the Branch Manager (on the MU3) must meet the CE requirements for the MU3 location.   Annual CE education must include 3 hours of Federal law, 2 hours of ethics (which shall include fraud, consumer protection, and fair lending issues), and 2 hours of non-traditional mortgage lending, 1 hour of elective  Number of hours is 3/2/2/+ 1hr of elective = 8 MLOs are advised that to comply with the SAFE Act’s “successive years” rule, they may not take the same CE course two years in a row. MLOs are advised not to retake pre-licensure education (PE) unless directed by a State Regulator.  PE education does not count toward meeting annual CE requirements. Get Your Michigan MI Mortgage Loan Originator MLO 8-Hour CE Course Click Here.

Deadline

The deadline to complete CE is December 31, 2025.  However, both Mortgage Lender Licensees and MLOs in Maryland are prohibited from submitting an application to renew their license if they have not completed CE.  Since it may take seven (7) days for a course provider to report a course completion into NMLS, licensees are strongly encouraged not to wait until the last minute to try to complete CE, or they may be prevented from submitting for renewal on time. This UST state has adopted the Uniform State Test and added it to the National Test. If you want to be licensed in this state and have not taken the newest National test with UST included, you will need to take the National Component NMLS exam with the Uniform State Test (UST). Click here to see test preparation options. If you don't see any PE courses scheduled, please call our office at 317-201-7612 and speak with one of our Mortgage Education Specialists about newly scheduled classes and private events.

Michigan Mortgage Regulator Contact Information

Contact the Consumer Finance Section by phone at (877) 999-6442 or send your questions via email to difs-fininfo@michigan.gov for additional assistance.

For the U.S. Postal Service: 

Department of Insurance and Financial Services

Consumer Finance Section

P.O. Box 30220

Lansing, MI 48909-7720

For Overnight Deliver

Department of Insurance and Financial Services

Consumer Finance Section

530 W. Allegan St., 7th Floor

Lansing, MI 48933

Michigan Mortgage Regulator Website: 

Michigan Department of Insurance and Financial Services DIFS Administrative Rules link: https://ars.apps.lara.state.mi.us/AdminCode/DeptBureauAdminCode?Department=Insurance%20and%20Financial%20Services&Bureau=All

How much does an MI MLO license cost? The Michigan Mortgage Loan Originator License costs $131.25 itemized below

NMLS Initial Processing Fee: $30

MI License/Registration Fee: $50

Credit Report: $15 The same credit report can be used for any existing or additional licenses for up to 30 days.

FBI Criminal Background Check: $36.25  

Michigan MLO NMLS Checklist Get the Michigan Mortgage Loan Originator License Requirements

MLO PE Prelicensure Education requirements and license requirement notes: https://mortgage.nationwidelicensingsystem.org/slr/PublishedStateDocuments/MI-MLO-New-Application-Checklist.pdf 

Who has to be licensed in MI as an MLO MI Processor?

 This license is required of any individual who, for compensation or gain or in the expectation of compensation or gain, takes a residential mortgage loan application, offers or negotiates terms of a residential mortgage loan, and who is not an employee of a depository financial institution or a subsidiary of a depository financial institution.

Reference to Mortgage Loan Originator Licensing Act, 2009 PA 75 view the Michigan MLO licensing act here http://legislature.mi.gov/doc.aspx?mcl-Act-75-of-2009.

Michigan notes: Can I qualify for an MI MLO License with reasonable, fair, or bad credit?

Yes, from the MI MLO NMLS Checklist see how to address MI Credit Report Explanations: Submit a line by line, detailed letter of explanation of all derogatory credit accounts along with proof of payoffs, payment arrangements and evidence of payments made, or evidence of any formal dispute filed (documents must be dated). Accounts to address include, but are not limited to, collections items, charge offs, accounts currently past due, accounts with serious delinquencies, repossessions, loan modifications, etc.

Note: Items regarding bankruptcy, foreclosure actions, outstanding judgments or liens, or delinquent child support payments should be addressed in the Disclosure Explanations section of your Individual Form (MU4). This document should be named Credit Report Explanations – Sub Name –Document Creation Date.